Multiple Choice
John has two hours of free time this evening. He ranked his alternatives, first go to a concert, second go to a movie, third study for an economics exam, and fourth answer his e-mail. What is the opportunity cost of attending the concert for John?
A) attending a movie, studying for an economics exam, and answering his e-mail
B) studying for an economics exam
C) going to the concert because that is what John choose to do
D) answering his e-mail
E) attending a movie
Correct Answer:
Verified
Correct Answer:
Verified
Q125: Which of the following statements is a
Q126: You have chosen to take a trip
Q127: A positive statement<br>I. makes a statement about
Q128: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" The figure above
Q129: Microeconomics includes the study of<br>A)how countries decide
Q131: A time-series graph displays the price of
Q132: On a graph showing the relationship between
Q133: The cost of a one-unit increase in
Q134: Which of the following is true?<br>I. A
Q135: Trend refers to<br>A)a general tendency for a